Hero Motorcorp is set to enter the Electric Bike segment, the performance of Hero’s Bike can beat 450cc ICE Bikes.
Niranjan Gupta, CEO of Hero MotoCorp, sheds light on the company’s future electric motorcycle concepts. We are envisaging high-performance models. he emphasized that these motorcycles would not fall in the economic or commuter segment.
However, there is no solid announcement from the company’s end but we can anticipate that the bike will be sold at INR 4-5 Lakh. The company may launch its bikes in the market by 2026-2027.
This can be accompanied by an upgraded version of Vida scooters in the near future, company may also introduce a new scooter different from the Vida. We believe it would be affordable given Vida serves the premium market.
Hero Motorcorp and Zero Motorcycle partnership
The question is how Hero Motorcorp can bring these premium bikes. The answer lies in partnership, the company has collaboration with California-based Zero Motorcycles has led to a significant breakthrough in the electric vehicle (EV) space.
The equity investment of up to USD 60 million in Zero Motorcycles strengthens the partnership, allowing both companies to co-develop premium electric motorcycles. This collaboration aims to leverage Zero’s technology with Hero’s manufacturing prowess.
Zero Motorcycle will have an added advantage as Hero plans to introduce Zero Motorcycles’ portfolio into the Indian market. With manufacturing set to take place in India, the pricing is expected to be highly competitive. Zero’s range, comprising street and dual sports categories, will offer Indian consumers a diverse and competitive array of electric motorcycles.
Hero Motorcorp Future Product Pipeline
Hero MotoCorp’s ambitious electric roadmap includes the launch of three electric scooters in the upcoming years. The next 12 months are poised to witness the introduction of a mid-priced scooter and an economically priced scooter through the Vida range. The third addition will be a B2B-focused scooter, targeting the thriving last-mile connectivity sector.